It was only two years ago that former President Trump struck a mega trade deal with China, containing commitments by the Chinese to purchase vast sums of American exports. So how’s it going? The big picture: U.S. exports to China have only been 57% of what was pledged as part

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Hollywood A-listers are taking over this year’s Super Bowl spots, an ode to the Super Bowl’s triumphant return to Los Angeles this year. Why it matters: It’s a delightful departure from last year’s ad slate, which featured somber messages from everyday people coming together during the pandemic. A few highlights:

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When it comes to financial decisions, it’s easy to have regrets. How many people wish they hadn’t sold their Amazon stock in the dot-com crash, for example, or coulda-shoulda-woulda bought bitcoin in 2013? Yes, but: That isn’t the type financial regret that is most common, Daniel H. Pink, author of

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Inflation is straining the family budget. Why it matters: The real-world effect of inflation is being felt by millions of Americans in vital areas like fuel, electricity and grocery bills, threatening to undermine consumer spending on discretionary goods. The big picture: The annual rate of inflation hit another 40-year high

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Teachers are leaving the education workforce at a rapid clip, according to new LinkedIn data. Staggering stat: Rates of attrition among educators is 66% above pre-pandemic levels. What’s happening: As Axios has reported, many teachers are retiring or quitting the profession due to pandemic-era stress, and universities aren’t minting new

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The SEC earlier this week proposed new rules for private equity funds. Now the industry is weighing in. The big picture: There are some big disagreements between fund managers and their investors. GPs and LPs talk ad nauseum about aligned interests, but that doesn’t seem to apply in this situation.

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Zendesk said it rejected an unsolicited $16 billion takeover offer from a private equity consortium, which the WSJ reports included Hellman & Friedman, Permira and Advent International. Why it matters: This comes against the backdrop of Zendesk’s continuing efforts to buy SurveyMonkey parent Momentive (Nasdaq: MNTV) over the objection of

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Forbes on Thursday said it received a $200 million investment from Binance, one of the world’s largest cryptocurrency exchanges, to help support its SPAC IPO. Why it matters: The money will replace half of the $400 million initially raised by institutional investors to help finance Forbes’ SPAC. The rate of

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Labor markets in advanced economies bounced back super-fast relative to pre-pandemic levels, but the U.S. is slightly behind. Why it matters: Consider it took years for jobs to come back after the 2008 financial crisis. This is like no other economic recovery in history, said Claire Li, an assistant vice

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A lot of hopes are riding on inflation easing in 2022. That sure didn’t happen in January, however. The 0.6% rise in the Consumer Price Index last month undermines the idea, which the Biden administration and the Federal Reserve have been betting on, that inflation will remain contained to a

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